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complete analysis on Bitcoin ( Read this carefully )Hello guys, welcome back, I hope you all doing great. I decided to write a complete analysis on bitcoin, recent moves brought so much fear into the market, everybody having different ideas on the price action, some going short some going long, so the question is, what to do now. We are going to take a look at bitcoin on different time frames and check the technical analysis for each one. now this is probably going to be a long article but I believe its worth the time. Lets start with weekly chart to see what is going on here. I drew a trendline by connecting 2020 big crash and 2021 crash ( pointed out on chart ) and it turned out to be a proper trend line ( by checking out the daily chart you will realize price had reactions to this zone many times ) by drawing this line, now I can tell we have a reliable price as bottom, we can kind of expect to bitcoin reverse its move by touching that line once again ( if price ever decides to touch it again ! ) Don't worry, I will summarize all of the content at the end, but please follow the text carefully ;) I also drew an orange trend line which is kinda forming a triangle for us ( and again if you check on lower time frames you will realize its an actual trend line not just a random line ); by break of this orange line, price managed to make a new ATH and we all know you should always expect a pullback to broken levels. So again, we have another level that we can expect a trend reversal from ! now lets take a look at daily time frame and draw some important support and resistances for a better understanding now if price keeps going down from here steady and slowly, 40.8 - 41.0 k is where I expect a trend reversal : Why? Because there is so much support! we have a huge weekly trend from 2020, another support zone and the orange trend line, the support on that level is massive and if price ever goes below that level, we are going to see a huge crash and that shouldn't happen. ( That will probably ruin crypto market ) - So to summarize #First_Scenario would be : but we might also see a trend reversal after an small pullback to 44k Zone, for this you can use candle stick patterns, pin bars , doji bars and ... with a bull candle after them will probably confirm a trend reversal and a pullback. But ! these are all harsh scenarios, lets look at lower time frames to see if we stand a chance for a run from where we are ! as you can see, we have a trend line and also a support zone ( purple one ) on the chart, price broke out of the trend line but the support zone is strong enough to hold it for now, you can also see a trend reversal candle stick pattern here, which is kinda telling us that we are going back up for a bit now ( this might be a pullback of the down trend ). Currently price has a resistance on 52k, if we somehow manage to break this level, we can see another run toward up but I really think the first 2 scenarios are more likely to be accurate. in conclusion I'd like to say, we are most likely facing a downtrend but the whole thing is still bullish, there has never been a bear market in crypto and all the downtrends were just some corrections, there is always ups and downs in financial market. this is not a financial advice, you can hold your money or you can use this analysis to sell on pullback and enter on lower prices ( if ever happened ) or wait for 52k break to enter again. But I repeat " THIS IS NOT A FINANCIAL ADVICE ", please be very careful these days. Hopefully my work will help you guys a bit, wish you all great trades and profitable days. please like and follow me on tradingview and other social medias, your support means the world to me. Im open to your ideas let me know in the comment section below. Good luck
Short
by Algo_Analyst
3
Shiba Inu Running Out of Time... Rally Coming? Or Danger Ahead?!Shiba Inu token (SHIB-USD) has broken even lower as illustrated with the modified primary PURPLE pattern . While we pierced down below our 38.2% retrace mark 3 times now, there isn't anything particularly bullish happening. If that changes, we should start seeing impulsive behavior very soon. However, there is now an alternate RED pattern , which has us already beginning a deeper C-wave much lower to complete a much lower wave II pullback. We're looking at as much as 62% downside! Because many altcoins have deceptive, unclear charts, I'm relying on BTC and ETH as an indicator on the overall crypto sector sentiment. At this time, both BTC and ETH are taking an ominous turn, which has the RED alt pattern looking more and more likely each day. If those two display immediate signs of a crash, it is probably best to sell or at least unload part of your holdings in SHIB. If the ensuing crash occurs, you may have a much better BUY opportunity then. What will a crash setup look like in BTC? Check out my just-published chart on that! (We very likely have a 1st-wave down and should see a 2nd-wave corrective bounce upward soon...) Check out my explainer vid on YT! I use Elliott Wave analysis to project price levels for different assets and asset classes. EW is a form a technical analysis that is absolutely NOT based on fundamentals. Please be aware that this is not intended to act as financial advice. I am not a trained or certified financial professional. You may invest based on a strategy tailored to your own skill and risk-tolerance levels. #shibainu #shibainucoin #shibatoken #cryptocurrency
FTX:SHIBUSD
by Critique-al-Thinker
Cloudflare teaching moment. Meteoric rise = catastrophic dump.Hi everyone, Today I would like to share a piece of knowledge on parabolic growth and poor market structures. Let us take a look at NYSE:NET Cloudflare stock. This was an attractive buy back in 2020. As always, nobody saw that until everyone started screaming about this stock on Twitter. I saw an opportunity in investing into Cloudflare later in 2021 for a long-term. I did not know what's coming. At the beginning of October, after a decent sell-off something strange began happening. Stock rose TWELVE days in a row. And not just stayed barely positive, it gained insane 68% in price during this short period. Right there I knew this was not sustainable and price won't last up there for long. Yes, I sold at 175 . Yes, I missed a run up to 220 . But, really, did I? Noone can predict the top. But you can predict the inevitable downfall. The Lesson. Look at the chart. You see the price in the first box going parabolicly up. The price took off to the moon and was hovering up in the air. Thus, poor structure has been created. There is no single support level from 137 to 182 . The Market hates poor weak structures and it tends to repair them sooner or later. That is exactly what happened with Cloudflare stock. Price has been flushed from 204 down to 123 as fast as it flew up there back in October. You can see that in the second box. The structure has been repaired. A lot of data points were created in the process, which will help with the analysis in the future. This might be a rebirth of Cloudflare stock constituting healthy future movement. Trade wisely and good luck! ----------------------------------------------------------------------------------------------------------------- Disclaimer!!! This is not financial advise
NYSE:NETEducation
by AyBe_Invest
2
🔥 Early Signs That Crypto Could Be Bullish SoonAround a week ago I made a post where I discussed how one can easily define whether crypto is bullish or bearish. Check it out if you haven't read the post yet. As you can see on the chart, Bitcoin is still bearish. As long as we're below the dotted line, I'm very cautious and you should be too. However, there's some light at the end of the tunnel. After a strong drop, there are always some front-runners who signal that better times are coming. Exactly the same happened during the summer crash, here it was AXS and SAND that made a huge bullish move before the rest. In September we had COTI and a couple of others. Now, we have LUNA, AVAX, HBAR and HOT which are front-running the market and potentially signalling a bullish reversal soon. See charts below.
INDEX:BTCUSD
by FieryTrading
25
BTC Looking For A Possible Short Squeeze To HappenI know I've mentioned this many times now, but still... Either it happens from here, or maybe we have to grind a bit lower to shake retail investors and grab large orders between 42-45k area. In such situations price first moves up relatively fast into the capitulation area (54-58k), that presents a huge resistence right now, then it BTC continues to crash. It is also a low possibility, that we could just broke 42k from here and finish the crash then go into a retracement, but i highly doubt that. I still expect prices to fall into the 33-38k, depending on how laveraged BTC is or will get especially if we get that massive short squeeze. A lot of retail investors will get euphoric on the squeeze and will open over laveraged long positions right at the end of a squeeze. What comes next is a massive liquidation event largely because of over laveraged market. I am not a financial advisor so non of this should be taken as a financial advise. BINANCE:BTCUSDT
by AVA37
AMAZON DOT COM CRASH PATTERN CONFIRMED ON BTC MUST SEE CHART.Take a look at this bearish scenario for BTC the dot com crash of 2000 the chart looks identical to btc right now, are we going to have 833 days of a bearish BTC with a 91% market correction? This chart is food for thought yes there are many bullish scenarios out there right now. Yes you may say but that is a stock and this is crypto. It has the same market sentiment as crypto fear and greed. 95% of all coins are sh*t coins with next to zero chance of success this downtrend would in fact shake out all the rubbish coins and make the market much more relevant. Leave your thoughts in the comments hope you enjoyed my 5 minues.
by WallStreetPremium
5